Liberal Dictionary English Dictionary
noun
- the act of divesting.
- the state of being divested.
- something, as property or investments, that has been divested: to reexamine the company’s acquisitions and divestitures.
- Also di·ves·ture [dih-ves-cher, -choo r, dahy-] /dɪˈvɛs tʃər, -tʃʊər, daɪ-/. the sale of business holdings or part of a company, especially under legal compulsion.
c.1600, from divest on analogy of investiture. Economics sense is from 1961.
The act of a corporation or conglomerate in getting rid of a subsidiary company or division. In a tactic to pressure South Africa to end apartheid, during the 1980s many Americans and Europeans urged divestiture on corporations doing business in South Africa.